Category: Trucking News

U.S. Justice Department, AT&T await nail-biter of a court decision

U.S. Justice Department, AT&T await nail-biter of a court decision

A federal judge will decide next week whether AT&T (T.N), which owns DirecTV, will be allowed to buy Time Warner (TWX.N), home to CNN and March Madness basketball, for $85 billion. Judge Richard Leon of the U.S. District Court for the District of Columbia oversaw a six-week trial where the government argued the deal was illegal because it would give AT&T the power to withhold HBO and Turner channels from DirecTV's smaller pay TV rivals and cheaper online competitors. The Justice Department focused on Time Warner's Turner assets, saying cable networks needed Turner channels like CNN and live sports to survive.


...Read the rest of this story

Energy Transfer Partners restores power to West Texas facility

Pipeline operator Energy Transfer Partners LP has restored power to a pumping station in West Texas and was in the process of restarting operations on two crude pipelines impacted by an outage following storms, a company spokeswoman said on Friday. The storms knocked out the company's Colorado City pumping station and storage facility, and impacted its West Texas Gulf and Permian Express II pipelines, the spokeswoman said.


...Read the rest of this story

Verizon’s CEO Choice Puts Focus Back on Industry Race Toward 5G

In elevating technology chief Hans Vestberg to lead the overall company on Friday, Verizon Communications Inc. sent a message to the rest of the industry: It's doubling down on network expansion to ward off increasingly ambitious rivals. While AT&T Inc. tries to complete an acquisition of Time Warner Inc. and T-Mobile US Inc. pursues its merger with Sprint Corp., Verizon wants no distractions. Verizon already sat out the latest round of potential deals -- such as bidding on CBS Corp. or 21st Century Fox Inc.'s entertainment assets -- even as archrival AT&T is attempting to make itself over as a media distribution giant.


...Read the rest of this story